Good news for the families of Holocaust Victims: Bank Mizrahi-Tfahot and the Company for Location and Restitution of Holocaust Victims' Assets, signed an agreement today (Sunday) according to which the bank will transfer 9.5 million NIS to the Company in respect of accounts opened by Jews before and during the Second World War, who perished in the Holocaust, and in respect of shares purchased by Jews who perished in the Holocaust.
The Company for Location and Restitution of Holocaust Victims' Assets was established for the purpose of locating assets in Israel, which were purchased by European Jews before the Second World War. These Jews perished in the Holocaust and their assets were not transferred to their heirs. Since its establishment in 2006, the company has been working to locate these assets in Israel and restore them to their legal beneficiaries - the families of those who perished in the Holocaust. As part of this effort, the Company negotiated with Bank Mizrahi-Tfahot (which at the time was called Bank Mizrahi Ltd.) finally signing this important agreement today.
The Company will make every effort to locate the legal beneficiaries of these account owners and return the assets to them. Money, for which no legal heirs will be located, will be transferred to Company activities for the assistance of needy Holocaust survivors in Israel.
The agreements signed today at the offices of the bank in Ramat Gan, was achieved thanks to the goodwill of top management on both sides and their interest in reaching a settlement.